How Much You Need To Invest By EVERY Age
ฝัง
- เผยแพร่เมื่อ 29 ส.ค. 2021
- Go to public.com/graham and use code GRAHAM and you’ll receive a randomized free stock worth up to $1000 once you open an account - Enjoy! Here is EXACTLY how much money you need to invest by every age - Enjoy! Add me on Instagram: GPStephan
NEW BANKROLL COFFEE NOW FOR SALE: www.bankrollcoffee.com
THE NEW PODCAST: / @theicedcoffeehour
The TH-cam Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on TH-cam, rank videos on the front page of searches, grow your following, and turn that into another income source: the-real-estate-agent-academy... - $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
www.amazon.com/shop/grahamste...
AGE 20: Average Net Worth: $39,915
1. GET A CREDIT CARD
The point is to begin building up your credit score as soon as possible, and since 50% of your score is made up from your on-time payment history and how LONG you’ve had credit for…this is something you should do immediately.
2. OPEN A ROTH IRA
This will allow you to invest $6000 per year and grow your money COMPLETELY TAX FREE by the age of 59.5…meaning, by the time you’re older…everything is pure profit.
3. SAVE 20% OF YOUR INCOME
4. INVEST IN THE MARKETS
AGE 30: Average Net Worth: -$1043
1. GET A CREDIT SCORE OF AT LEAST 750
2. BE BAD-DEBT FREE BY 30 YEARS OLD
This means you’ve paid off any loans or debt that’s above a 5% interest rate, you don’t have any credit card debt or personal loans outstanding, and besides the possibility of a low interest rate mortgage or student loan…you don’t have anything weighing you down.
3. HAVE A 3-6 MONTH SAFETY FUND
4. AIM FOR 1X YOUR SALARY SAVED
AGE 40: Median Net Worth: $80,000
1. MAX OUT RETIREMENT ACCOUNTS ANNUALLY
2. MAXIMIZE YOUR EARNINGS
3. HAVE A BUDGET - NO MATTER WAHT
4. KNOW HOW MUCH YOU NEED TO RETIRE
The rule of thumb is that, for a 30-year retirement, you’ll need to have anywhere between 25 to 30x your annual spending INVESTED in order for that money to last you without running out.
AGE 50: Median Net Worth: $212,000
1. HAVE 7-8X YOUR SALARY SAVED, OR 10-12X YOUR EXPENSES
2. BE CLOSE TO PAYING OFF YOUR MORTGAGE
3. HAVE A CLEAR PLAN FOR RETIREMENT
AGE 60: Median Net Worth: $266,000
1. AIM FOR 10-12X YOUR SALARY SAVED UP
2. PAY OFF YOUR PRIMARY RESIDENCE
4. BEGIN WITHDRAWING FROM RETIREMENT ACCOUNTS
Obviously, this is only going to be a rough ballpark and some people may be way ahead or way behind this - but, that’s not important - it’s more important to realize that NOW is the best time to begin working towards these goals, and showing you that - the sooner you start - the easier it’s going to be…even if you’re not as far along as you would’ve liked.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*This is a paid endorsement for Public.com. Offer valid for U.S. residents 18+ and subject to account approval. This is not a recommendation. You can lose money with any investment. Open To The Public Investing is a member of FINRA & SIPC. Regulatory and firm fees apply. See Public.com/disclosures/.
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
You know it's bad when having a $0 net worth makes you above average
:O
uh oh
i know the feeling. i myself probably have something resembling 0 if not slightly positive. cant really tell without tallying up everything.
The youth has been robbed by the boomers
That actually made me curious if we've crossed 0 yet. Things are changing pretty quickly now that my wife and I are in our late 30's, student loans paid off in the next few years and saving a ton more than just a few years ago.
I should really start doing an annual net worth statement...
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
“Angela Lynn Schilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I think schools should play your videos as I learn more about finances from you than I did in my entire school career!
Should have kids opening Roth by age 21.
Instead of Bill Nye the Science Guy, Graham Stephan the Finance Guy
@@420 I opened mine at 18 and I invest 500 dollars a month so far
@@frog2359 cap
@@morrisj23 why would that be cap that 100% believable
I'm 19, have over 750 credit score, 3/4 of the way through getting an engineering degree, positive net worth after subtracting student loans. I have an excel sheet where I planned out every month what I need to invest to retire very comfortably, and I plan to stick to it unless the markets start to really shift. I've been watching Graham's videos for a few years now, and taking his advice - so far I can say that he is absolutely correct in what he says and the strategies he talks about work if you're willing to put in the effort. Thank you!
Teachers pet
Do you have fun?
So you went to college when you were 16? Or did you get your associates degree and finished your first year at university? And you have a job I presume?
The best thing about Graham is he is always realistic and not pushing a bunch of hype stocks. Great video Graham!
Cause he’s a real investor
Only problem I see is that if you save 3x your income, but that 3x income is only worth 1/2 it's original purchasing power, you're still in the hole.
This didn’t age well. FTX…
yeah this didn't age well - thanks for suggesting FTX....
Playing back at 0.5 speed is taking up way too much of my time…but it’s worth it to hear drunk Graham.
He sounds hammered! lol
Drunk Sounding Graham is the best
Totally worth it 😂😂
I prefer coked out Graham at 2x speed, and it saves time 😉
Omfg 😂😂😂
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.
Most people do not understand the power of compound interest or are just impatient. However, for the average Joe, I think it's better to invest in the S&P 500 and wait, which is reliable, albeit extremely long: many years, or just use an investment advisor and speed up your wealth creation. Most people underestimate the power of the latter.
@@MIchaelGuzman737 I agree with you. I started investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money with an investment advisor and in seven months raised almost $873,000.
@@sommersalt88 Any chance you can recommend who you work with for those of us who want to make the right plays now and be better positioned for a healthy retirement?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@sommersalt88 I just checked her out and I have sent her an email. I hope she gets back to me soon.
I am so gratefull that this content is for free! I am 15 years old and one of my goals in life is to live a comfortable life and to take care of my parents ❤
Good luck
That’s right man
Try computer science.
@@user-yf8gc3tl6o how much does computer science make?
@@ghouldragoon6436 depends on how good you are. 90% of people won't make more than 100k a year best case scenario but if you're really good at it then you can make more money
This might be one of the most helpful videos I’ve ever watched! I’ve always been in a panic that I am behind or not doing what everyone else is doing. Your videos really explain things like this well and make me feel a little less stupid! Thank you Graham!
Thank you for recognizing that not everyone's situation is the same and reminding us that starting is important no matter our age.
Was just talking to my best friend about this the other day! Glad to have this info. Makes me feel good. We need 2020/2021 adjusted numbers after the influx of new investors though
I am a 24 year old making $15 a hour. Currently going back to school for nursing. So far I have about 45k in stocks. 17k in my Roth and 12k in my bank. The biggest thing is starting and I can’t wait to start seeing this snowball go!
Forgot to mention the only reason why I posted this was cause I stress about not making enough money, and not saving enough. But this video makes me feel a little better! Thumbs up
Nice, keep at it!
I'm 24 making $21 an hour. Only 9k in my Roth and 2k in my checking acc 😔
@@brianfabian1531 am 21 and 0$ just 0$ yeah everything is just 0$
Get into sales! I'm 24 making ~265k this year. ~30k in 401k and ~800k in real estate. The company i work for is always hiring. I live in South dakota and I work remotely.
i’d just like to say, you guys are the chillest and nicest comment section i’ve seen. everyone give yourself a pat on the back.
I think what's more important than the actual amount is momentum. If you're on a positive trajectory you're doing something right.
Some of the most sensible and sustainable financial investments advise on youtube. Will be joining the mentorship program very soon. Keep making these amazing vids!
I’m 15, invested 400 dollars. I got really lucky and it’s now worth 1200. So I’m ahead of the game
Love these videos man, always so interesting seeing this data! And hearing how far ahead the 1%ers are haha
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
How do I Find this Lady?
I started out with an FA named Nicole Desiree Simon Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Happy monday!
Happy Monday!
You too!
Watching your channel over the years has got me so much more ahead in life financially, I am 23 years old and I am able to pay rent and invest every month consecutively. I am a young real estate agent in Houston trying to learn more of it to go full time soon. I am thankful for Graham Stephan, I’ve been watching you since 2017!
Very interesting video! Just now learning about finance this year and I'm 31. After I went through some rough times in my 20's and ended up filing bankruptcy a year ago. I now have a credit card and rebuilding my credit since it took a hard crash from the bankruptcy. Around 670 score now and pretty much starting over from nothing. These videos really help! Thank you for all that you do Graham.
I’ve been waiting for this ❤️
Great video graham! I’ll be sitting down and planning my future investing in the coming days
Its sad that school didn't teach us this we had to go learn it but thanks graham trying to learn more everyday.
When you stop learning , you get left behind . Never stop educating yourself
Feeling great being 36 years old and having $700,000 saved and invested, with only $100,000 mortgage left to pay and no other debt. Although FIRE is not around the corner yet - long way to go
Literally accidentally tried to smash button twice XD. Favorite channel by far for this genre of content!
Thank you greAt content!! I love this vid
Everyone needs more than there basic salary to be financially secured. The best thing to do with your money is to invest. Money left in savings always end up used with no returns.
True, I started investing in the financial market mid March, 2020 with the help of a well-known professional and the profits entirely funded my new home and care for my family.
Most new traders make the mistake of trying to trade on their own, without having the required skills to benefit from the market.
Scam
@DPG6 992 Yea haha, always mentioning the brokers name too many times^^
@@tokigtarisson4982 It's the same fucking script everytime too. Pathetic.
great video I really enjoyed it!
Love this type of videos!
This is the type of Content I like Graham :). Not those clitbait titles and images. The 2-3 years ago Graham content = Best
Would love to see a part two on this video going in depth on how to set these kinds of things up for everyone who is new, im 21 and am so thrown off by how much there is to offer when it comes down to long term investments. Love the video, would of loved to have seen the average hourly wage and career options when it comes down to younger individuals say with student loan debt. It's so impractical to say roughly $400 a month for the rest of my life into a Roth, when I've got a $600 a month in loan payments, cost of living being well over $1500 a month. Car payments, insurance for all thing especially after you turn 26...... there just isn't many job opportunities even into your 30's that can support the normal cost of living and thats why everyone's in debt statistically until they are well into their 30's to early 40's which just isn't right in a life that's so short.
Cost to basics keeps rising how were the majority doing to not be in debt until their 30' and 40's?
After the like button was smashed I felt so much closer to my goal
I've seen this exact video before from Graham last year but I'll watch it again!
Always quality.
Graham is in the top .001%
Every Graham video should have a disclaimer in front of it, saying that everything he talks about references mostly the US - things can be very different in other parts of the world.
While I agree that most of the technical stuff (like alla finance channels in the US) is purely focused on the American financial system, a lot of the advice given is applicable to other countries.
Take the 3-6 month emergency fund, totally relevant to everyone.
Or paying off debt, also applicable.
Investing as early as possible? You bet!
But I get it that advice around credit scores, Roth IRA, 401k, tax deductions and so on are for American viewers.
Personal finance is all about behavior and common sense, regardless of where you live (unless it's a third world, war-torn country) ;)
Always quality content Graham. Been subbed for a few years never disappointed.
Awesome video for personal finance. It also vary slightly depending on the country you stay in, either way it makes perfect sense. Love your content Graham.
Grahams the only youtuber that can post the smae videos but updated and il watch em
What are your thoughts about being 50 and having never owned a home. Now that time is not longer on my side to pay off the mortgage, do you recommend buying a home at all?
if you have kids then yes
Thank you for the rerun. Like properly smashed
This video changed my mindset
Im 18 started investing as soon as i turned used my bday money, money i get from reselling sneakers and that stim check my parents ended up giving me i could care less how my bank account looks im more on how my portfolio looks and how my bank account will look in the future
I was just thinking about this and here it is. Can you do a version for FIRE as well?
Periodt
He already did. How to retire by 30 years old
Completely off topic, but those gains you've made on your arms are looking pretty solid!
Another awesome video Graham! It was very entertaining and informative. Keep up the great content!
When I hear the generic “invest in a Roth IRA” it seems like good advice. But, it’s really important to hold the right investments in your Roth IRA. Most of the basic mathematics are based on general broad market index funds.
How do you figure which investments are the right ones? Most people lack knowledge in any of this. People just hear the word "invest", but don't understand what it really means.
@@SombraLocs Do your research. Watch CNBC religiously. Also, subscribing to the Motley Fool is well worth the money.
@@SombraLocs start with investing in index funds (anything that tracks the s&p 500 or one of those time funds with a year on it like 2060 if you’re going to retire at 2060). Hope that helps!
@@mizzmolly7649 I'm speaking in general. Ask 90% percent of the people what they know about investing and they will not be able to answer. Ask them if they have a 401k or an IRA, they will say yes. Then ask them what do they know about their 401k or or IRA and again you will get the deer in the headlights look. People need to start explaining this in layman's terms. I know the people doing the videos might think they're already dumming it down, but most still don't understand them.
Instead of broad index funds wouldn’t you want growth stocks in your Roth IRA? Or even a portion of your Roth IRA be in growth stocks? All of the growth would be tax free
Great Breakdown, Graham!
I really enjoy your videos, this one was especially helpful!!
As a nerd I love these type of videos
"Time in the market" is one of THE most important factors. Start investing ASAP to see those returns compound!
totally!
Time IN the market is far better than trying to time the market
What’s your favourite thing to invest in for compound returns?
@@alexchampion58 index funds
Liked and commented for the algorithm gods because it's the original intro.
You should get the Money Guy Show guys on your iced coffee hour. You both advocate for similar things and I think you would have a great discussion
I’m 31 and this makes me feel way better about my life and also confirms my husband’s claim that I have nothing to worry about - thanks!
This guy has over 3.37M subscribers now. I have been watching Graham since he was under 1M subscribers. Wonder how much he makes now from youtube!
Thanks to you I saved up to 10 months of my salary amount.
great vid, your reef looked great by the way. lets have a full tour, pop the hood already.
Solid advice
If you’re feeling discouraged bc you were like me, in your mid 30’s with nothing invested or saved for retirement. Even worse you’re still renting, had cc debt and student loans.
There’s still hope. Invest in amc or GameStop. I made 10k this year, paid off my cc debt, then used 2.5k of that reinvested it into amc and have doubled my money again from one month ago. Amc changed my life and that’s just holding shares, and selling covered calls or cash secured puts. If I can do it you can do it. And that’s not even the short squeeze which is still on the table and hasn’t happened yet.
That's an extremely risky thing to do though. You're basically telling people to gamble.
The Paul Brothers, streamers, tik tok celebs really skewed these numbers prop
It takes drunk Graham to make a no annoying ads like back in the days... bring it on
I would be cool to see an updated version of this
I'd be curious how much each person is worth with out debt included, and then another number that shows their debt.
Boomers: “ millennials are lazy”
Millennials: *trying to dig out of a financial hole before they even start adulthood*
Exactly Jonathan! 😭
Not sure Boomers are saying that much these days… sure, maybe 6-7 yrs ago. Not in 2021
Don’t get in the hole??
True, i know Tamara and have been adopting her trade signal since early last year, she made me my financial freedom.
Hi Tamara. How have you been doing with this scam?
Great video Graham Stephan! One of my favorites.
Thank you for watching.
Graham, I'm 15, and it would be really cool if you could do your next video about setting some investing goals for teens. Thanks!
Your 20's: Take a guess at the average net worth
Me: It's Pikachu!
Graham: It's -$39,015
Me:Fahhhhhhhh!
Ah yes, the right type of comment.
Some rare Pikachu cards could def offset that -39K easy
Warren Buffett says Never depend on a single income, make an investment to create a second source."
@@user-yg9wi1jf1u if you don't mind me asking, what would be this greatest inspiration of yours??
In his description, he wrote $39,000 not negative $39,000. I didn't watch the video did he say negative $39,000 in the video?
The description has a typo, it says $39,915 instead of -$39,915 for average net worth of a 20 year old.
Nearly had a heart attack lol.
Thanks man
So I'm ahead and behind!
I’m currently 19 and have been investing since I was 18. The ROI of hitting the like button has been paying off
Yo Graham, for future reference I'd recommend using the median rather than the average for most of the data points (such as income and amount invested).
Based on the reference data in the video, the median numbers on that site are significantly lower, but also a far better indicator of how people are doing.
(the average numbers are heavily skewed by the massive incomes of only a few people in those age brackets, whereas the median is a more true indicator)
Was a great video though, great job on it.
agreed!
Agreed about going with median. The "average" investments might make "average" people seem like they're doing way better than is the common reality
Another banger Graham
This is the type of video that i like!!!
This video is legit perfect timing, gonna be sending this to some friends that need it.
You my biggest encouragement, I’ve been watching your videos since I was 16 I am now turning 19 next month. Thank you so much you have a huge impact in my life and many others!
Interesting 🚀
Graham teaching finance and also doing sign language for the deaf all at the same time
Hey Graham, I was wondering if it is better to have a high credit score whilst having credit cards? Basically, in other words, is a high credit score useless without credit cards?
The reason you want a high credit score is that you will get better loan offers from banks, like lower interest rates and higher loan amounts. So I don’t think it matters if you have a credit card or not as long as you have a high credit score. But you do need a card at least till you get above the score you want, because closing an account will hurt your credit score. Hope this helps more than the bot reply
@@peterjoseph9292 Thanks, but I already know how credit scores work and the benefits that come with having one. I was trying to figure something else out but I got it already lol, and again thank you for taking the time to explain.
I’m 30 and my net worth is 175k. it all started with living below my means and not being flashy.
I like the get ahead or rich roadmap vids, maybe you should do an update on your investments or what you been up to !
Good info, thanks!
Graham, It is going real good here. Thank you! I hope that you are doing very well. Good to see you as always. 😊😎👍
Good to see you 😎
@@miked7212 Hi Mike! It is great to see you too. Thank you! 😊😎👍
@@grahamfan 😎
He post the best videos
I'm 20 years old now and I'm actively investing about 500 dollars a month right now, it's like putting money aside but I'm actually profiting from it.
Thank you for the awesome video :DDD
Please do more vids like these. 🙏🏼🤙🏼🤙🏼
Graham, you're amazing
Cool Thumbnail Graham!
thanks!
Thank you!
20% of your saved income could save you 20%of your car insurance, lol
You should do a TH-cam video about what is the global token exchange and how we can invest in it.
These are the beat videos
Time in the market beats timing the market. With enough time and patience, anybody can be rich, or retire very comfortably.
*panic scrolling* ... yo where are my boys who didnt/couldnt save up till mid 20's o.o'
Thank you
Thanks for the video 📹
Thanks for covering this! I'm in my late 40s playing catch-up. I had no financial education until I was almost 40 and digging out of debt.
Hi Kitty, Thank you for watching. Best future wishes!
Today is always the best day to get aggressive. Better late than never. You can do it, just be consistent and invest as much as you possibly can…if you retire at 65 you still have almost 25 years of compounding that can work for you.
I’m starting frustratingly late as well. But now we are just that much more motivated and driven to succeed. I’m investing very aggressively now and will only increase it.
Also in the late 40's club. Put myself on a 5 year spending moratorium because these earliest dollars I contribute will work the hardest for me. I want retire in 15 years. Cranking money into the market and my house. Wish me luck!
So I recently turned 18 and immediately hopped into the stock market. Started living like I was broke while having enough money to still invest. Grant has given me amazing advice on how to start saving and investing. My investments have helped me when times got a little tough taking care of me and my girlfriend. Honestly one of the best investment you tubers Ik.
can you talk about maximizing HSA?
Because of you I've changed my financial life. I am forever grateful. 🙏